Subjective economic well-being in Eastern Europe
Bernd Hayo and
Wolfgang Seifert
No 120, IBES Diskussionsbeiträge from University of Duisburg-Essen, Institute of Business and Economic Studie (IBES)
Abstract:
This paper analyses subjective economic well-being in several Eastern European countries from 1991 to 1995. Economic well-being explains a significant part of the variation in overall life satisfaction of Eastern Europeans. In an ordered logit model, the determinants of subjective economic well-being are analysed. Some results are very similar to typical findings in happiness regressions, such as a negative but u-shaped age effect, positive influences of education and relative income position, as well as a negative effect of unemployment. Differing results were found with regard to gender and marital status. Finally, comparing indicators of objective and subjective well-being on a macro level indicates that using a standard macro variable for crosscountry comparisons in well-being, such as real GDP per capita, may provide misleading results during the early stages of transformation.
Keywords: Eastern Europe; economic well-being; happiness; economic transformation (search for similar items in EconPapers)
JEL-codes: D31 D60 I31 O52 P2 (search for similar items in EconPapers)
Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)
Downloads: (external link)
https://www.econstor.eu/bitstream/10419/40939/1/342709615.pdf (application/pdf)
Related works:
Journal Article: Subjective economic well-being in Eastern Europe (2003) 
Working Paper: Subjective Economic Well-Being in Eastern Europe (2002) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:zbw:udewwd:120
Access Statistics for this paper
More papers in IBES Diskussionsbeiträge from University of Duisburg-Essen, Institute of Business and Economic Studie (IBES) Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().